Detailed text transcripts for TV channel - CNN - 20101229:01

Detailed text transcripts for TV channel - CNN - 20101229:01:39:00

and maybe members that aren't on the same page with the white house on these regulatory issues to basically step on the other side of the aisle and join the republicans against the president. >> there's a larger aspect to this, which is that having lost the house, the common theory is that president obama will now gov torn a great extent through the regulatory. now what you are seeing is these will be subject to legislative challenge. even his regulatory power will be checked by republican party even though he may veto it. there's going to be another significant pressure brought to bear on every one of these individual regulations if they pursue this policy. >> that's exactly right. very well put. >> now here's my question. have you spoken to -- who on the hill have you spoken to who says they will be pursuing this and what are the regulations they intend to go after first? >> so i spoke to specifically to senator jim demint who is sort of a leader on the conservative wing of the republican party. i spoke to senator lindsey graham from his same state on

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